Newspaper Sources: Stegra Needs Another Ten Billion

Svenska Dagbladet

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Steel manufacturer Stegra needs at least another 10 billion kronor to complete the investment in a factory in Boden, reports the newspaper Affärsvärlden, citing two independent sources.

Dagens industri

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The Wallenberg sphere is forced to invest more in Stegra to save the green transition, with costs that are now estimated to be significantly higher than before.

Tärkeimmät talousuutiset | Kauppalehti…

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An investment consortium led by the Wallenberg industrial family was supposed to save the construction of a steel mill planned for northern Sweden with a billion-dollar investment. A closer look revealed that this was not enough.

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Steel manufacturer Stegra needs at least another 10 billion kronor to complete the investment in a factory in Boden, reports the newspaper Affärsvärlden, citing two independent sources. Stegra's communications manager Karin Hallstan does not want to comment on the information for the newspaper. The liquidity need has arisen despite the financing round and new issue led by the Wallenberg Circle that was completed this spring for approximately 15 …